Introduction Taxation for private limited company Private Limited Companies are one of the most popular forms of business entities in India. They offer limited liability protection to their shareholders, which means the personal assets of the shareholders are safeguarded in case of business debts or losses. Private limited companies also enjoy perpetual succession and have …
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Startup registration: Introduction Starting a business can be an exciting and rewarding journey, but it’s essential to navigate the legal requirements to ensure a smooth and legitimate operation. Startup registration plays a crucial role in establishing your business as a legal entity, providing it with recognition, limited liability, and various benefits. In this article, we …
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LLP vs Partnership Firm: Introduction In the world of business entities, limited liability partnerships (LLPs) and partnerships hold significant importance. Both of these structures provide unique advantages and disadvantages, which can significantly impact the success and operations of a business. In this article, we will explore the differences between LLPs and partnerships, shedding light on …
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ROC Compliances: What is MSME? MSME is an abbreviation for Micro, Small, and Medium Enterprises. Composite Criteria for Fall under MSME as applicable from 1st July 2020 Enterprises Turnover Investment in plant and machinery Micro Not more than Rs. 5 crores Not more than Rs.1 crore Small Not more than Rs. 50 crores Not more …
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Introduction and meaning: Related party transactions (RPTs) are an integral part of any business, as companies often engage in transactions with parties that have some sort of relationship with the company. The Companies Act 2013 in India defines related parties as directors, key managerial personnel, and their relatives, companies in which a director or …
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Introduction: Sections 185 and 186 of the companies act 2013 lays down the provisions on how the company can utilize its funds to provide loans. The purpose of introducing these provisions is to safeguard the interest of stakeholders. Since there is huge money of from the public at large involved in the company, therefore it …
